State Revenue in July 2023 Remains Up Despite Sluggish Customs Receipts

Economics & Macro

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Erlina Fury Santika 14/08/2023 16:35 WIB

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In July 2023, state revenue was primarily driven by taxes and PNBP (Penerimaan Negara Bukan Pajak, or Non-Tax State Revenue). Customs and excise revenue, however, declined.

State Revenue Realization Components (July 2022-July 2023)

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State Revenue Realization Components (July 2022-July 2023)

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The Ministry of Finance reported that state revenue reached Rp1,614.8 trillion in July 2023. This achievement grew by 4.1% year-on-year (yoy) from Rp1,551.2 trillion in the same period of the previous year.

State revenue in the State Budget (APBN) consists of several components, namely tax and non-tax revenue.

Tax revenue reached Rp1,109.1 trillion in July 2023. This figure increased by 7.8% (yoy) from Rp1,028.5 trillion previously.

The second component of taxation is customs and excise duties, which amounted to Rp149.8 trillion in July 2023. This figure decreased drastically by 19.1% (yoy) from Rp185.1 trillion previously.

The slump in customs and excise revenue in July 2023 was due to export duties falling by 81.34% (yoy). According to Sri Mulyani, Minister of Finance, this sharp decline was due to lower CPO prices, the impact of the 2022 flush-out policy, and a decrease in mineral exports.

"In July last year (2022), a flushing activity, namely exports, was carried out to reduce domestic stocks, so the baseline last year was very high," said Ani, her nickname, in a virtual press conference on *Our State Budget August 2023 Edition*, Friday (11/8/2023).

In addition, excise duties also fell by 8.54% (yoy) due to a decrease in CHT production, mainly in group I.

Nevertheless, import duties still grew by 3.82%. "Driven by an increase in the effective tariff and the strengthening of the USD exchange rate, despite a decrease in the import base," said Ani.

Meanwhile, other components of state revenue came from Non-Tax State Revenue (PNBP) amounting to Rp355.5 trillion, growing by 5.4% (yoy) from Rp337.3 trillion previously.

(Also read: [APBN Surplus Reaches Rp153.5 Trillion in July 2023](https://databoks.katadata.co.id/datapublish/2023/08/14/surplus-apbn-tembus-rp1535-triliun-pada-juli-2023))

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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State Revenue in July 2023 Remains Up Despite Sluggish Customs Receipts

State Revenue in July 2023 Remains Up Despite Sluggish Customs Receipts

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State Revenue in July 2023 Remains Up Despite Sluggish Customs Receipts

State Revenue in July 2023 Remains Up Despite Sluggish Customs Receipts

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